This episode examines the cracks that existed in the mall economy pre-pandemic to help us map out what’s likely to thrive in the future. Speakers describe a history of rampant oversupply, lack of differentiation, and faltering financial performance. Wall Street analyst Simeon Siegel sees the current crisis as a unique opportunity for public retailers to strategically downsize, without incurring shareholder ire.

Others point to significant opportunity for traditional wholesalers and digital-native brands to fill mall vacancies with less expensive and more flexible lease arrangements. Most agree that digital commerce has raced through puberty during the pandemic and now stands at least as tall as its older, offline sibling. Altar’d State CEO Aaron Walters underscores that heightened creativity and empowered employees are keys to success going forward. Retail re-formed.